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DOC-501 Mobile Money 101

Just in case you haven't heard, mobile is ‘hot'! According to the International Telecommunication Union (ITU), there are more than 5.3 billion mobile phone subscribers globally. Now add ‘money' to ‘mobile' and you have ‘mobile money' – an even hotter trend than mobile alone.
But what exactly is ‘mobile money'? The words ‘mobile' and ‘money' have meaning for all of us when taken separately, but when you put them together, what do you get?
The fusion (or some would say clash) of the financial and payment industries with the mobile world is a fascinating type of convergence, and one which has its own language, players and issues. Mobile Money 101 is the first in a series of articles which will provide an introduction to and overview of mobile money, and which hopefully will assist you in grasping the essential terminology, services, and trends in this quickly evolving industry.

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As always, good information, presented well.
Thanks for all your articles. They are always informative.